ENTREPRENEURSHIP Date : 8 th September 2015. The Department of - - PDF document

M.C.E.SoCiEt y ’S

ABEDA INAMDAR SENIO R CO LLEGE O F ARTS, SCIENC E & CO MMERCE, PUNE.

DEPARTMENT OF ECONOMICS

O RGANISES

Post er Pr esent a t ion ent it l ed

ENTREPRENEURSHIP

Date : 8th September 2015.

The Department of Economics on the occasion of Silver Jubilee Celebration of our college started new programme ‘ARTHOSAV’. The programme was organized from 8th to 10th September 2015. This year the theme of ARTHOSAV was ‘ Entrepreneurship For Youth.’

On the first day i.e. 8th Sept. 2015, the poster presentation entitled ENTREPRENEURSHIP was done by the department. It was for basic information about entrepreneurship like why entrepreneurship?, Types of entrepreneurship, what should be done to be an successful entrepreneur, Entrepreneurship process, Advantage of promoting youth entrepreneurship, Successful women entrepreneurs, data pertaining to women entrepreneurship, basic problems faced by women entrepreneurs, Social entrepreneurship concept, typical sectors of social entrepreneurship, Social entrepreneurship in India, comparison of entrepreneurship and social entrepreneurship etc.

Preparation work going on ….

Felicitation of Vice Principal Dr. Shaila Bootwala

• Dr. Shaila Bootwala, Vice principal of our college inaugurated the poster presentation. She

appreciated the efforts done by the department of Economics to present the posters. Even she appreciated the matter and its attractive and systematic presentation.

• Dr. Shaila Bootwala appreciating the posters

The students from the Department of Economics with Dr. Shaila Bootwala

WHY ENTREPRENEURSHIP ?

 Opportunities and support are available  Create self employment  Promote innovation  Build communities  Alleviate psycho-social problems and delinquency  Youth Unemployment is High  Help to Create Wealth and Contribute to the Economy

THINK ENTREPRENEURAL

WHAT MATTERS MOST IS WHO OWNS THE CUP!

TO BE SUC CESSFUL

 Improve your knowledge of the industry  Be creative  Expand business through reinvesting profits and diversifying  Study likely changes in business environment

TO BE SUCCESSFUL ENTREPRENEUR

STUDY CUSTO MERS KEEP ThE FO CUS

THINK O

UTSIDE THE BO X CREATE W EALTH DEVELOP C REATIVE S OLUTIONS

Risk t a k ing

ENTREPRENEURSHIP PROCESS AdvAnt Age of pr omot ing yout h ent r epr eneur ship

 More employers  Employees who better understand business  More innovative and socially responsible enterprises  More jobs (most likely jobs for other young people)  Better informed consumers

SUCCESSFUL WOMEN ENTREPRENEURS IN INDIA

Source : Women & Entrepreneurship in India 2012 Study BY Women’s Web

• DR. KIRAN MAZUMDAR-SHAW

Chairman & Managing Director of Biocon Ltd. She founded Biocon India in 1978 – the initial

• peration was to extract an enzyme from papaya.

Today, her company is the bigget biopharmaceutical firm in the country. EKTA KAPOOR Creative head of Balaji Telefilms, is the daughter of Jeetendra and sister of Tushar Kapoor. She has been synonymous with the rage of soap operas in Indian TV, after her most famous venture ‘Kyunki Saas Bhi Kabhi Bahu Thi’ . Ekta dominates Indian Television. NEELAM DHAWAN Managing Director, Microsoft India, leads Microsoft India. She is a graduate from St. Stephens College in 1980,and also passed out from Delhis Faculty Of Management studies in 1982. NAINA LAL KIDWAI She was the first Indian woman to graduate from Harvard Business

• School. According to the Economic

times, she is the first woman to head the operations of a foreign bank in

• India. ( HSBC)

INDU JAIN The multi-faceted lady used to be the Chairman of the Times Group-The most powerful and largest Media house India has known. Indu Jain is known by many different identities but most prominently she played the role of the Chairman of Times Group. SIMONE TATA She has been instrumental in changing a small subsidary of Tata Oil Mills into the largest cosmetic brand in India – LAKME, synonymous today with Indian Fashion. At present she is the Chairperson of Trent Limited, a subsidary of Tata Group. MALLIKA SRINIVASAN She is currently the Director of TAFE- Tractors and Farm Equipment, India, was honoured with the title of Businesswoman

• f the Year during 2006 by the Economic
• Times. She joined the company in 1986 and

has since been responsible for accelerating turnover from 85 crores to 2900 crores within a span of 2 decades. PREETHA REDDY Managing Director of Apollo Hospitals, Chennai, one of the largest healthcare conglomerates of India, is one of the pioneer business woman of India in the segment of Health Care Industry.

W OMEN ENTREPRENEURS SURVEY 2012 By Women’s WeB SAYS… … … …

DISTINCTION BETWEEN ENTREPRENEURS & SOCIAL ENTREPRENEURS

ENTREPRENEUR SOCIAL ENTREPRENEUR

 Exceptional ability to see new

• pportunities

 Targeting under-served/disadvantaged/

broken markets

 Determination to take those

• pportunities

 Large scale and transformative change  Unflinching willingness to take

inherent risk

 Ethical process to reach that change

(beyond compliance)

 Sees that a suboptimal

equilibrium = OPPORTUNITY

 Sees a stable but unjust equilibrium

(not just suboptimal)

 Outcome focused-Creative

destruction

 Is able to take the opportunity to reach

new equilibrium

SOCIAL ENTREPRENEURS IN INDIA

 VINOBA BHAVE ,’ Bhudan’  BABA AMTE- ‘Anandwan’  DR.GOVINDAPPA VENKATASWAMY AND THULSIRAJ RAVILLA- ‘Arvind Eye Care’  CAPTAIN GOPINATH-‘Air Deccan’  DR.VERGHESE KURIEN- ‘Father of India’s Milk Revolution’  DR.M.S SWAMINATHAN –M. S Swaminathan Research Foundation  VINEET RAI-‘Aavishkaar’  DR.DEVI SHETTY- Narayana hospitals  ANSHU GUPTA-‘Goonj’  CHETNA SINHA- ‘Mann Deshi Mahila Sahakari Bank’ and ‘Mann Deshi Foundation’  ELA BHATT-‘SEWA’  BUNKER ROY-‘Barefoot College’  MUDHU PANDIT DASA -‘ISCKON’  BHUSHAN PUNANI AND HARISH HANDE- ‘SELCO’  SUMITA GHOSE-‘Rangsutra’  SALONI MALHOTRA-‘DesiCrew’  BINDESHWAR PATHAK- ‘Sulabh’  ARUNACHALAM MURUGANATHAM-‘Jayashree Industries’

SOCIAL ENTREPRENEURSHIP

It is an attempt to draw upon business techniques to find solutions to social

• problems. This concept may be applied to

a variety of organizations with different sizes, aims, and beliefs

MODERN VIEW OF SOCIAL ENTREPRENEURSHIP

Social entrepreneurship in modern society

• ffers an altruistic form of

entrepreneurship that focuses on the benefits that society may reap.

Cha l l enges Fa Ced By soCia l ent er pr ises

 Hiring / Retaining Qualified Staff  Raising Capital  Building The Value Chain  Providing The Model’s Scalability  Navigating The Regulatory Environment  Regional Inclusiveness  Investment Exits  Developing / Refining A Business Plan

Typica l secTor s of invesTmenT of socia l ent er pr ises

 AFFORDABLE HEALTHCARE e.g.- Affordable healthcare providers reduce the cost of service delivery through innovative operating models.  AFFORDABLE HOUSING e.g. Affordable housing developers create economic value by minimizing construction cost and completion time through integrative technical solutions and process innovations  WATER AND SANITATION e.g. -Typical working models for sanitation management are household toilets, pay-and-use community toilets and ‘ecosan’ toilets where toilet waste is used to create biofuel.  LIVELIHOOD PROMOTION e.g. promote livelihoods and those that facilitate skill development. In most livelihood enterprises, the producers

• r artisans hold majority ownership.

.Typica l secTor s of invesTmenT of

socia l ent er pr ises …

.

FINANCIAL INCLUSION

Microfinance Institutions (MFIs) act as financial intermediaries, offer products and processes aimed at serving economically weaker sections of the society.

 AGRICULTURE

e.g. - Supporting the value chain pre-harvest or post-harvest market links as well as those involved in the dairy production and market linkage.

 ENERGY

e.g. - Enable access to environmentally friendly, affordable energy. Roof-top solar lighting and low smoke cook stoves are some of the initiatives in this space.

 EDUCATION

e.g.- Social enterprises are very active in the education of the under privileged children. These enterprises cater from early childhood to adulthood and exist in formats such as pre-schools and after-school classes, e-learning and vocational and skill development institutes.